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Deffense [45]
3 years ago
15

In capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be he

lpful for society and at least one reason that they may be harmful for society. Then, explain whether you think profit motive is a good thing or a bad thing for society
Business
1 answer:
klemol [59]3 years ago
7 0
Even though that particular business have the motive of increasing profit there would be a lot of benefits that the society will get such as...
Since most of the business are working for profit in the market this create competition among each other this results to a lower price in markets therfore the society can afford to  buy things.

A bad side of such business could be  the monopoly power, if there is no company that produces similar good or service they tend to abuse the consumers by increasing the price of the goods and services they provide as there are no other firms that provide similar goods or services.

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Amber McClain. Amber McClain, the currency speculator we met in the chapter, sells eight June futures contracts for 500,000 peso
AnnyKZ [126]

Question Completion:

Note that the June Settlement Futures rate = $0.10773/Ps from the Exhibit 7.1 (not provided here).

Answer:

Amber McClain

a)  If spot rate = $0.12000/Ps:

The value of her position at maturity = -$49,000

b) If spot rate = $0.09800/Ps:

The value of her position at maturity = -$88,000

c) If spot rate = $0.11000/Ps:

The value of her position at maturity = -$40,000

Explanation:

a) Data and Calculations:

Notional selling price of June futures = 500,000 pesos

Number of contracts = 8

June Settlement Futures rate = $0.10773/Ps

a) If spot rate = $0.12000/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.10773/Ps) * 8

= -500,000 * 0.01227 * 8

= -$49,000

b) If spot rate = $0.09800/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.09800/Ps) * 8

= -500,000 * 0.022 * 8

= -$88,000

c) If spot rate = $0.11000/Ps:

The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8

= -500,000 * ($0.12000/Ps - $0.11000/Ps) * 8

= -500,000 * 0.01 * 8

= -$40,000

6 0
3 years ago
As a gardener, Joey earns $19.20 per hour. He earns double time for work on Saturdays. Last week, he worked 25 regular hours plu
erastovalidia [21]
Kdisbzibsisbsisbzosbfjnrnd
5 0
3 years ago
In his blog, Max Gladwell says that our world is being profoundly changed
Vesnalui [34]

Answer:

B: Increasing use of social media

Explanation:

Social media has many effects, good and bad on our society. Now people know what happened 4 minutes ago in countries thousands of miles away. They can keep up with celebrities and more. You can see how this is drastically changing the way we live. Hope this helps!

3 0
3 years ago
WHAT IS A Parliamentary System ABOUT
Zarrin [17]

Answer:

A parliamentary system or parliamentary democracy is a system of democratic governance of a state (or subordinate entity) where the executive derives its democratic legitimacy from its ability to command the support ("confidence") of the legislature, typically a parliament, to which it is accountable.

Explanation:

I took the test

4 0
3 years ago
You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for you
kati45 [8]

Answer:

The answer is 16 years.

Explanation:

The formula for calculating the value of an investment that is compounded annually is given by:

V(n)=(1+R)^nP

Where:

n is the number of years the investment is compounded,

R is the annual interest rate,

P is the principal investment.

We know the following:

25000=(1+0.06)^n \times 10000

And we want to clear the value <em>n</em> from the equation.

The problem can be resolved as follows.

<u>First step:</u> divide each member of the equation by 10,000:

\frac{ 25000}{10000}=(1+0.06)^n \times \frac{ 10000}{10000}

2.5=(1.06)^n

<u>Second step:</u> apply logarithms to both members of the equation:

log(2.5)=log (1.06)^n

<u>Third step:</u> apply the logarithmic property logA^n=n.logA in the second member of the equation:

log(2.5)=n.log (1.06)

Fourth step: divide both members of the equation by log1.06

\frac{log(2.50)}{log (1.06)} =n

n= 15.7252

We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.

6 0
3 years ago
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